Tom Lee (Tom Lee), managing partner of Fundstrat Global Advisors, says that this summer it is expected the sharp appreciation of bitcoin. His company conducted market research and presented a report, according to which after the “surge recovery” in the second half of this year, the price of cryptocurrencies will continue to rise. Whether I am sure that by the end of 2018 bitcoin will be worth $25 thousand, and by the end of 2022 to $125 thousand
Tom Lee says Bitcoin will hit $25,000 by the end of the year https://t.co/a2bZQe3tiv pic.twitter.com/3GvDN8Wmxc
— Bloomberg Crypto (@crypto) June 6, 2018
The main factor contributing to the growth of bitcoin, considers Whether institutional investors that cryptocurrency industry interested, but they have not yet entered it because of the uncertainty with the regulation.
Whether insisting on the loyalty of its earlier forecast of bitcoin prices by the end of 2018, as now bitcoin is trading almost at the cost of production, and probably mining pools will be to exert pressure in the direction of increase of quotations.
Analyst firm Trefis conducted their own investigation and waiting a bit for the worst scenario. According to them, after the December success kriptonyte faced many problems which had a negative impact on the market of virtual currency and led to a decrease in transaction volume. Analysts predict that by the end of 2018, the cost of bitcoin will be only $12 500, which is 17% less than the forecasts of other experts. However, the company claims that the accuracy of its estimation is 95%.